GGAM exits Bloomberry via $166m block trade

The sale, which was priced at a 10.4% discount, comes four months after the Philippine casino operator fired its GGAM-appointed COO. Separately, a group of founders raises $75 million from the sale of shares in chain restaurant operator Tsui Wah.

Anette Jönsson

January 16, 2014

Las Vegas-based Global Gaming Asset Management (GGAM) has sold its entire 8.7% stake in Bloomberry Resorts Corp, the operator of the Solaire Resort & Casino in Manila, through a block trade, raising Ps7.42 billion ($166 million).

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.